Thermax Q2 net profit at Rs 86 cr

Industrial energy solutions provider Thermax's net profit has recorded a almost three fold jump at Rs 86 crore as compared to Rs 30 crore last year for the second quarter ended September 30, 2014.

The revenue also posted an increase of 14 per cent at Rs 1,191 crore from Rs 1,043 crore last quarter, Thermax said in a filing to the Bombay Stock Exchange.

This is mainly due to the the demand for its standard products in the domestic market, order bookings and also project orders from the international market. During the quarter, the company had an order inflow of Rs 1,089 crore, registering a growth of 42 per cent.

Its joint venture company, Thermax Babcock & Wilcox Energy Solutions (TBWES) has also received an order of a Rs 339 crore export order from B&W PGG for detailed engineering, manufacturing and supply of selective items for two boilers for an international project.

Thermax Limited has an order backlog of Rs 5,016 crore against Rs 5,308 crore in September 2013.

Compared to last year's Rs 6,128 crore, the Group order backlog stands at Rs 6,067 crore.